Credicorp Ltd. (NYSE:BAP) Short Interest Up 10.6% in September

Credicorp Ltd. (NYSE:BAPGet Free Report) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 919,400 shares, an increase of 10.6% from the September 15th total of 831,000 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average daily volume of 214,500 shares, the short-interest ratio is currently 4.3 days.

Credicorp Stock Down 0.7 %

BAP stock opened at $185.49 on Tuesday. The stock has a market cap of $14.75 billion, a P/E ratio of 11.01, a PEG ratio of 0.62 and a beta of 1.14. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.54. Credicorp has a twelve month low of $116.42 and a twelve month high of $187.70. The company’s 50 day moving average is $174.62 and its two-hundred day moving average is $169.07.

Credicorp (NYSE:BAPGet Free Report) last posted its earnings results on Thursday, August 8th. The bank reported $4.49 EPS for the quarter, missing analysts’ consensus estimates of $4.64 by ($0.15). Credicorp had a net margin of 19.31% and a return on equity of 14.86%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Research analysts expect that Credicorp will post 18.86 earnings per share for the current fiscal year.

Credicorp Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Friday, October 18th. Stockholders of record on Monday, September 23rd will be issued a $2.9084 dividend. This represents a dividend yield of 3.8%. The ex-dividend date is Monday, September 23rd. Credicorp’s payout ratio is currently 55.07%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group increased their target price on Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, October 8th.

Check Out Our Latest Stock Analysis on Credicorp

Institutional Trading of Credicorp

A number of large investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of Credicorp in the fourth quarter valued at approximately $337,000. Fisher Asset Management LLC grew its position in Credicorp by 32.6% during the 4th quarter. Fisher Asset Management LLC now owns 11,757 shares of the bank’s stock worth $1,763,000 after purchasing an additional 2,889 shares during the last quarter. Vanguard Group Inc. increased its stake in Credicorp by 12.0% in the fourth quarter. Vanguard Group Inc. now owns 742,678 shares of the bank’s stock valued at $111,350,000 after purchasing an additional 79,336 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Credicorp in the fourth quarter valued at about $729,000. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Credicorp by 323.3% during the first quarter. Los Angeles Capital Management LLC now owns 82,701 shares of the bank’s stock worth $14,012,000 after buying an additional 63,165 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

About Credicorp

(Get Free Report)

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.

Further Reading

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